What was the average gas prices in 2014?
What was the average gas prices in 2014?
| Year | Jan | Jun |
|---|---|---|
| 2012 | 3.440 | 3.596 |
| 2013 | 3.391 | 3.689 |
| 2014 | 3.392 | 3.766 |
| 2015 | 2.208 | 2.885 |
Why did retail gas prices in the United States fall in 2014?
Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of falling crude prices in the second half of 2014.
What were gas prices in February 2014?
Regular Retail Gasoline, Average $US Price per Gallon
| Year | Jan | Feb |
|---|---|---|
| 2015 | $2.58 | $2.77 |
| 2014 | $3.66 | $3.76 |
| 2013 | $3.72 | $4.22 |
| 2012 | $3.78 | $4.06 |
How does OPEC determine gas prices?
In summary, what you pay at the pump is mostly determined by the price of crude oil; the price of crude oil fluctuates based on supply and demand; the demand of oil fluctuates based on many factors, but is increasing overall due to industrialization; and, more than three quarters of the oil supply is controlled by OPEC …
What is the average gas price per gallon?
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update. U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018.
What is the average cost of a gas?
The price of gas may go up or down, but it’s always a major expense for anyone who drives a car. The average American consumer spends about $3,000 per year for gas, according to the American Automobile Association. Some of the practical ways to reduce fuel cost are listed below.
How much does gasoline actually cost?
Let’s break this down to give you a clearer picture. According to a report published in 2018 by The University of Michigan, the average annual cost of fuel for gasoline vehicles in the US is $1,117, while the average for EVs is $485 per year.
